Jack Bogle: What's In His Portfolio?

You think you're a long-term investor? Vanguard funds founder Jack Bogle was on our air this morning, and I talked with him on the phone shortly after. He told me has been dollar cost averaging since 1951, when he first invested in a defined contribution benefit plan. He said he made no changes in his personal portfolio--which is entirely invested in Vanguard funds--for the last several years.

He has two accounts--a personal account and a retirement fund. Here's how his combined holdings break down (all Vanguard funds unless noted):

60% bonds --includes the Municipal Bond Fund & Total Bond Index, as well as investment in a corporate bond & intermediate term bond fund